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1999 (11) TMI 846 - KERALA HIGH COURTExtract: .......nths. The quantum of tax involved is Rs. 1,50,051 for the assessment year 1984-85 and Rs. 1,96,714.95 for the assessment year 1985-86. This being the position, we feel penalty of Rs. 35,000 and Rs. 40,000, for the two assessment years respectively, would meet the ends of justice. Writ appeal is allowed to the extent indicated above. Appeal allowed.
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